Press "Enter" to skip to content

Is Biden moderate? What do you call $2.3 trillion in tax hikes?



rssfeeds.usatoday.com

The prevailing line about Joe Biden this primary cycle has been that he is a milquetoast centrist, a moderate who would do little to ruffle up the status quo. Much column space has been dedicated to Biden’s supposed centrism, and Rep. Alexandria Ocasio-Cortez,  D-N.Y., has even said that she and Biden should not be in the same party.

There may be truth to that statement, but it says far more about Ocasio-Cortez than it does about the former vice president, who has staked out a tax policy vision that puts him well to the left of former President Barack Obama.

The Penn-Wharton Budget Model score of Biden’s tax plan shows that it would raise taxes by $2.3-$2.6 trillion over the next 10 years. His campaign’s estimate is that his tax plan would raise $3.2 trillion. Taxpayers at every income level will be hit by his litany of tax hikes, with at least 93% of each income group above the bottom 20% seeing a tax increase.





Source link

Brett Gonzalez
Author Details
Content Writer At Healthcare Industry Reports

Brett loves to read and write about business and thus, has some of the best contents regarding business penciled down for a number of reputed portals. Brett has successfully completed 2 Years with the Healthcare Industry Reports portal. He plans to have a part-time course chosen for all the juniors to be educated in the field of writing. Brett shifted to writing almost immediately after the completion of a degree in Business Administration. He plans to share his skills through writing. Brett’s career choice seems to have been excellent as we are being blessed with some of the most informative articles on a constant basis.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *